Empower board honours Ahmad bin Shafar
CEO of world's largest district cooling company achieves recognition.
Empower chief executive Ahmad bin Shafar has received special recognition from the company’s board of directors for overseeing its emergence as the world’s largest provider of district cooling services.
Since 2009 the company has succeeded in growing its portfolio by 30% from 250,000 refrigeration tonnes (RT) to an estimated one million RT in 2013.
“Our success is a group effort and could not have been possible without the contribution of each and every employee,” Bin Shafar said.
“As a Dubai company, we have the responsibility of fulfilling the vision of the government that not only satisfies the demand for current residents but also provides valuable and lasting services for future generations.”
H.E. Saeed Mohammed Al Tayer, chairman of the board of directors, Empower, said: “Since its birth in 2003, Empower has emerged as the world’s largest district cooling services provider due to its constant growth and capacity expansion.
“The company’s solid progress over the last decade makes it a unique success story that can be attributed to Ahmad Bin Shafar’s leadership of a 600-strong team.”
Al Tayer continued: “Empower’s success can be attributed to a thorough understanding of the local market, and the comprehensive vision of its employees that takes into account developments across diverse sectors like construction, real estate and energy.”
Empower recently finalised an agreement with Tecom Investments’ to provide 120,000 RT district cooling services for Dubai Design District (d3) project.
The multi-phase AED 750mn ($204mn) development will boost Empower’s portfolio by nearly 12%, with the first phase expected to begin in Q4 of this year.